LOL! The market levitation continues. This is quite comical. Every day, around 11 the market hits it's low, and then begins to levitate back to a green close.
Oil cannot sustain 100+ in this economy, if Bubble ben bernanke decides to push QE3 expect higher commodity prices across the board, add that to rising equity prices and oil will probably push to $125 a barrel at that point both oil and stocks will correct.
That's what I mean. In the 1990s, you could have multiple years of 20-30% returns and oil would barely budge from the $20-$30/b range. Not any more. They are correlated too tightly now. Oil gets to economically-restrictive levels whenever stocks have a long rally.
As long as it wants to, don't make it harder than it has to be by preventing yourself from buying it with self induced crazy theories. Manipulation or not, going up works for longs
so what, when it turns, you trade the downtrend don't see the need or big deal about riding the now and not worrying about the later thats what stops are for
numbers are indicating we're not about to have major market correction like 2009, 2001, 1981... minor drop here and there, but the trend is still up
Bubble Ben and his cohorts (and various journalist mouthpieces) talk up QE relentlessly until oil reaches its extremes. We've seen this repeatedly the past few years. Once oil prices (i.e. gas prices reach a certain threshold), these guys do their best to let the markets "correct" until they can unleash untold billions for whatever "cause du jour" is in need of bailing out. The Fed is a political animal nowadays. They've been lampooned enough in the press in recent years that they simply cannot fire the bazookas and risk gas prices at $6-$7 a gallon while half the country is underwater in their mortgage, underemployed, etc, etc... It's all bullshit smoke and mirrors. Most of us know that. A few "true believers" regurgitate contrived economic reports to justify why "their team" is winning. F'ing imbeciles.
Which "numbers" forecast those other corrections? With a sample size that small, it's likely they're curve-fit, anyway. There are definitely some similarities to 2007 right now (the final rally before things fell apart), but I'm not making any predictions. That's always a dangerous thing to do. But of all rallies in recent memory, the one exactly 5 years ago is the closest to this one.